It is transaction agreements that enable industries to come up with prototypes and engage in research and productions projects, but since it has been a challenge for some time, that is where OTA comes in. Since the government wants to have state-of-the-art technology, as well as engage in research and development, it where the other transaction agreements come into play. Due to the government procurements regulations, other transaction agreements were created to allow them to get what they want without being limited by the rules. Continue reading to learn how other transactions work.
The main benefit of OTA is the speed, flexibility, and accessibility it brings; the government research and prototype activities that could have taken forever can now be accomplished faster and easier because they have all the resources at their disposal thanks to other transactions. One good thing about OTA is that any commercial or academic institution can apply to receive it provided they are a non-traditional defense contractor. Your institution will not necessarily miss out on the OTA award if you are traditional defense contractor provided there are circumstances to justify your use of an OTA.
Due to government regulations, most research institutions are usually unable to compete within the government sector, a problem that is solved by OTAs, the same way it does in the prototype as well as production processes. Cost-reimbursements OTAs are the types where you are reimbursed the expenses you incurred on a project for the federal government. In case your firm is handling minor research and development for the federal government with a high level of confidence, that is listed under firm-fixed-price OTAs, and they are not as common as cost-reimbursement OTAs.
If you have been wondering about the solicitations methods, you will be glad to know that OTAs can only be solicited through either request for prototype proposals or request for the white paper, highlighting all the factors that may impact the OTA award. When it comes to OTAs, there is not a single stage during the application or submission step for an OTA request that you will deal with the government because they outsource these services through consortium management firms.
The outside management that such a consortium provides lends a large amount of flexibility and efficiency to other transactional processes; they speed up the length processes you would have had to put up with. Since this might be a relatively new concept or field to you, you will get all the help you need from an experienced officer. This is the guide to OTA proposals you should know.